61 live products
UBank
Best available rate
5.59%p.a.
Neat - Oo Variable P&i
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.61%
Offset
Not included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
UBank
Best available
From 5.59% p.a.
Line-up
61 live products
VS
UBank vs Up
Compare UBank and Up home loans in March 2026. UBank offers rates from 5.59% p.a. across 61 products, while Up starts at 5.45% p.a. with 6 products. Up currently has the lower rate by 0.14%.
VS
6 live products
Up
Best available rate
5.45%p.a.
Up Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.45%
Offset
Included
Redraw
Included
Live edge
Up is lower on headline home loan rate by 0.14%, which is roughly $58 per month on a $500,000 loan.
0.14% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | UBank | Up |
|---|---|---|
| Interest rate | 5.59% | 5.45% |
| Comparison rate | 5.61% | 5.45% |
| Offset account | No | Yes |
| Redraw | Yes | Yes |
All UBank Products
Every tracked home loans option from UBank.
All Up Products
Every tracked home loans option from Up.
UBank's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) while Up starts at 5.45% p.a. (comparison rate 5.45%). Up is 0.14% lower, which saves approximately $58/month on a $500,000 loan.
Key features: UBank includes redraw, Up includes offset, Up includes redraw.
Quick Comparison
| Feature | UBank | Up |
|---|---|---|
| Interest Rate | 5.59% | 5.45% |
| Comparison Rate | 5.61% | 5.45% |
| Offset Account | No | Yes |
| Redraw Facility | Yes | Yes |
Common Questions
UBank vs Up FAQs
Which bank has a lower home loan rate, UBank or Up?
Up currently offers the lower variable rate at 5.45% p.a. compared to 5.59% p.a. Always check the comparison rate for a true cost picture.
Do UBank and Up home loans have offset accounts?
UBank does not include an offset account. Up offers an offset account.
What is UBank's lowest home loan rate in 2026?
UBank's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Neat - Oo Variable P&i.
What is Up's lowest home loan rate in 2026?
Up's lowest variable rate is 5.45% p.a. (comparison rate 5.45%) on the Up Home Loan (Variable).